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Bloomberg reports that Volkswagen Group will introduce a new generation of gasoline and diesel cars beginning in 2026. After that, it plans to phase out internal combustion engines altogether. By 2030, VW says it will offer hybrid or electric versions of its entire 300-plus vehicle lineup.

"Our colleagues are working on the last platform for vehicles that aren't CO2 neutral," Michael Jost, the Volkswagen brand's head of strategy, told Bloomberg. "We're gradually fading out combustion engines to the absolute minimum."